Stocks: Mixed ahead of bank earnings

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NEW YORK (CNNMoney) -- U.S. stocks futures were mixed Friday morning ahead of earnings reports by two major U.S. banks.

JPMorgan (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500) will release their quarterly results before the bell. Analysts surveyed by Thomson Reuters expect JPMorgan, which shocked analysts by reporting a multi-billion-dollar trading loss earlier this year, to post earnings of $1.24 per share on $24.5 billion in revenue. Wells Fargo is tipped to post earnings of 87 cents a share on $21.5 billion in revenue.

Following those reports, investors will have some economic data to sift through. A Labor Department report on producer prices for September is due at 8:30 a.m. ET, with prices expected to have increased by 0.8%, according to a survey of analysts by Briefing.com.

Then at 9:55 a.m. ET, the University of Michigan will report its Consumer Sentiment Index for October, which likely ticked up to 78.5 from 78.3 the previous month.

U.S. stocks pared earlier gains and ended little changed Thursday afternoon, as enthusiasm over upbeat economic data faded.

Fear & Greed Index

European stocks were lower in morning trading. Britain's FTSE 100 shed 0.2%, while the DAX in Germany and France's CAC 40 both lost 0.4%.

Asian markets ended mixed. The Shanghai Composite edged higher 0.1% and the Hang Seng in Hong Kong rose 0.7%, while Japan's Nikkei fell 0.2%.

Companies: Shares of AMD (AMD, Fortune 500) sank 9.4% in after-hours trading Thursday, after the chipmaker cut its revenue forecast for the third quarter.

Realogy -- the parent of real estate brokers Century 21, ERA and Coldwell Banker -- began trading on the New York Stock Exchange Thursday under the ticker RLGY. The company priced its IPO at the top end of its estimated range, with shares of Realogy (RLGY) rising 27% from their offering price.

Shares of Shutterstock (SSTK) jumped more than 27% in their market debut Thursday. The online stock photography company also priced its shares above the expected range in its IPO.

Currencies and commodities: The dollar fell against the euro and Japanese yen, but it rose versus the British pound.

Oil for November delivery fell 17 cents to $91.90 a barrel.

Gold futures for December delivery fell $1.20 to $1,769.40 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury remained little changed, keeping the yield at 1.68% from late Thursday.

First Published: October 12, 2012: 6:14 AM ET

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